There are 3 basic types of business records: Income records, Expense records and Property records. Income records: Income records keep track of the gross income your business earns. Gross income is your total income before you deduct any expenses including those associated with goods sold. Your income records must show the following information with regards to your income: - Amount and date received - Source of the income It is also important that you record the income whether it was received as cash, property or services. Original documents must support all income entries. These documents include sales invoices, cash register tapes,...